Texas Financial Watchdog May Recognize Stablecoins as Money for Licensing Purposes

Texas Financial Watchdog May Recognize Stablecoins as Money for Licensing Purposes
фото показано с : cointelegraph.com

2019-1-5 03:56

A memo from the Texas Department of Banking considers treating stablecoins as money under the Texas Money Services Act

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Фото:

Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.

2019-1-5 21:00